What is Market Value Cover (Strata) | Insurance glossary by upcover

Market value cover pays out based on the strata property's current market valuation. This figure can be lower than the full replacement cost because it factors in depreciation. Most strata schemes prefer replacement cost cover instead, since it avoids this potential shortfall.

Related Terms

Sum Insured (Strata)

Replacement Cost Cover (Strata)

Depreciation (Motor)

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Related Term

Sum Insured (Strata)

Replacement Cost Cover (Strata)

Depreciation (Motor)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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